Showing posts with label Growth. Show all posts
Showing posts with label Growth. Show all posts

Friday, 21 December 2018

Dominating tourism in the Caribbean

THE Islands Of The Bahamas continues to dominate tourism in the #Caribbean. So says Caribbean Journal, the largest website covering Caribbean tourism, which bestowed on the destination two key awards in its Caribbean Travel Awards 2018: Best Caribbean Destination and Best Caribbean Tourism Minister.

But it is better in #TheBahamas, and according to officials, the destination had the most impressive growth in the region. "While several islands had particularly strong growth in 2018, none has been more impressive than The Bahamas," officials said on the destination's website.




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Friday, 14 September 2018

Up in the air . . .

IN August 2018, Frankfurt Airport (FRA) welcomed some 6.8 million passengers an increase of 8.1 percent year-on-year. Since the beginning of 2018, FRA has achieved growth of 8.7 percent, with European routes continuing to drive passenger traffic.

Lima Airport (LIM) in Peru saw traffic increase by 6.6 percent to about 2.1 million passengers.

Bulgaria's Twin Star airports of Varna (VAR) and Burgas (BOJ) registered combined growth of 5.8 percent to nearly 1.4 million passengers.

Traffic at Antalya Airport (AYT) on the Turkish Riviera surged by 14.7 percent to about 4.9 million passengers.

Ljubljana Airport (LJU) in Slovenia recorded an increase of 3.1 percent to 202,423 passengers.

Fraport's two Brazilian airports in Fortaleza (FOR) and Porto Alegre (POA) reported combined traffic growth of 4.6 percent to about 1.2 million passengers.

The Group's 14 Greek airports achieved overall positive growth of 6.6 percent to some 5.4 million passengers in August 2018.



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Thursday, 2 August 2018

Asia Pacific a force to be reckoned with

STRONG economic growth across the Asia Pacific has gone hand in hand with tourism, both inter-regional and international. The UN reports that Asia is the world’s largest region in economic output, with the region’s gross domestic product surpassing that of the Americas for the first time in history in 2016. Between 2000 and 2016, Asia experienced the fastest economic growth across the world, driven by China and India.

Asian countries have awoken to the benefits of promoting tourism by opening markets and encouraging increased air routes. Data by the UN shows that the Asia Pacific is the second most visited region in the world after Europe and has seen the fastest growth. In fact, the region outperformed all other regions around the world, marking eight consecutive years of growth since 2010.


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Monday, 25 June 2018

Travel and Tourism growth for the UK


TRAVEL & Tourism grew by over four times the rate of the wider UK economy in 2017, according to a new report recently launched by the World Travel & Tourism Council (WTTC). 

WTTC's latest annual research, in conjunction with Oxford Economics, shows the United Kingdom’s Travel & Tourism sector contribution to GDP grew by 6.2% in 2017, higher than the global average (4.6%) and more than four times faster than the UK’s economy as a whole (which grew by 1.5%). 

This growth translated into £214 billion contribution to GDP, 4 million jobs, and £29 billion in exports. This shows the role of Travel & Tourism in driving economic growth and creating jobs in Britain, and emphasises the vital importance of safeguarding the interests of the sector post-Brexit.

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Wednesday, 29 November 2017

Domestic leaisure travel leads in the U.S. despite Hurricanes Harvey and Irma

DOMESTIC leisure travel led all travel segments in September 2017 despite the destructive hurricanes that pummeled U.S. states and territories during a normally busy season, according to the latest Travel Trends Index (TTI).

The increase marked the 93rd consecutive month of travel growth. However, overall travel volume grew at a slower year-over-year rate in September than in August.

Domestic business travel dipped modestly, likely due to a calendar shift in Jewish holidays and Hurricanes Harvey and Irma.




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Friday, 17 November 2017

West Africa at the heart of continents growth

W Hospitality Group’s 2017 Hotel Chains Pipeline report shows that hotel groups need to tackle lengthy development periods in West Africa.  West #Africa has been at the heart of the continent’s growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region’s economy is expected to rebound in 2017 onwards. 

Commodity-based economies, like Nigeria, are slowly recovering from the fall in oil prices and oil production, while countries like Côte d’Ivoire, Mali, and Senegal have shown economic resilience and sustained growth. As many of the countries continue to stabilize - politically and economically - the region will be better integrated from a local and international context. This increased integration raises the need for quality travel and accommodation infrastructure.

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Tuesday, 4 April 2017

International tourists reach nearly half a billion in 2016

DESPITE many challenges facing Europe in 2016, tourism has once again shown extraordinary strength and resilience, reinforcing its contribution to economic growth, job creation and social well-being in the European Union (EU-28).

The 28 countries of the EU boasted a solid growth in international tourist arrivals of above 4% in 2016, exceeding the world’s average growth rate, and increasing by 21 million to 499 million.

2016 was the 7th consecutive year of sustained growth for the EU-28 following the 2009 global economic and financial crisis, with 107 million more tourists than the pre-crisis level of 2008.


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Wednesday, 1 March 2017

International Tourist Arrivals Surpass 10 million

MORE than 10 million international tourists arrived in #SouthAfrica last year, 13% more than in 2015. This is well over the global average growth rate for the period. 

It is estimated that about 1.2 billion international tourists travelled the world in 2016, representing growth of 3.9% on 2015.

The United Kingdom remained the leading source market for overseas arrivals to South Africa in 2016 (447 840 arrivals) followed by the USA (345 013) and Germany (311 832).

China remained the leading growth market, with year-on-year growth recorded at 38%. Arrivals from India grew by 22%.


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Wednesday, 1 February 2017

New records for Hawaii Tourism

HAWAII'S tourism industry established new records in total visitor spending and visitor arrivals in 2016, according to preliminary year-end statistics released today by the #Hawaii Tourism Authority. This marked the fifth straight year of record growth in both categories. 

Total spending by visitors to the Hawaiian Islands increased 4.2 percent in 2016 to a new high of $15.6 billion. 

A total of 8,941,394 visitors came to Hawai‘i in 2016, representing a 3 percent increase compared to 2015. 

On average, there were 219,625 visitors in the Hawaiian Islands on any given day in 2016, an increase of 2 percent versus 2015.


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Picture Credit: Rusty Russ 10159247@N04/30918159572 Plum Hula via photopin

Tuesday, 13 December 2016

Increase in international visitors to the UK

DATA from the Office for National Statistics shows that in September the UK received 3.12 million overseas visits in September, up 1% year-on-year, a new record for the month of September.

The biggest growth was seen in the business travel sector with business visit numbers in the rolling 12 months to September 2016 reaching 9.11 million – equaling the best ever results recorded for this journey purpose.


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Thursday, 13 October 2016

New Zealand benefits from cruise tourism

NEW ZEALAND cruise reached a record high last season and the outlook for this booming sector remains strong. 

Over 254,400 passengers and almost 92,000 crew visited #NewZealand during the 2015-2016 #cruise season which started in August 2015 and ended in June 2016. 

35 ships that collectively visited New Zealand 138 times and made 703 port visits across the country.

“This represents a phenomenal growth of 26% in terms of passenger arrivals which translates to an injection of $484 million into New Zealand’s economy,” Kevin O’Sullivan, Cruise New Zealand’s outgoing chair, says. Mr O’Sullivan says New Zealand welcomed nine new ships during the 2015-2016 season. The forecasts for the next two years are exciting.



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Picture Credit: ZK-NZE 52597653@N03/17142465691 Auckland from North Head via photopin.com

Thursday, 18 February 2016

Isle of Man welcomes rising visitor numbers

THE ISLE OF MAN passenger survey has revealed a 6.5 percent increase in tourist visitors to the island in 2015, rising to 134,610. 

Marking the seventh year of continuous growth in tourist visits, the survey found that tourists added approximately £10 million to the island’s economy, with an average of £378 spent per visit.

The figures have been followed by the results of a report commissioned by the #IsleofMan government on the current condition of the hotel industry.

The report, by Hotel Solutions, highlights where the island should invest in its hotel infrastructure to ensure continued tourism growth in a market where expectations towards accommodation provision are constantly rising.

There are direct flights to the Isle of Man from 11 airports in Ireland and the UK, including Glasgow, Liverpool, Manchester, and London (Gatwick/City) with flights taking from 30 minutes to an hour. The Isle of Man Steam Packet Company provides daily ferry travel from Liverpool to Heysham.

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Friday, 4 December 2015

Australia’s tourism sector set to soar


AUSTRALIA’S tourism industry, currently worth an estimated AU$18 billion and employing more than 543,000 people, is set to grow strongly over the next five years, say business information analysts at IBISWorld.

Industry revenue is forecast to reach AU$29.7 billion by 2020-21 thanks chiefly to an increase in inbound tourism from Asia.

China has surpassed the previously lucrative Japanese market in visitor numbers, nights stayed and dollars spent, and is now one of the industry’s most valuable markets. Chinese visitors have outspent visitors from Britain by 50 percent.


Over the next five years, India is expected to follow suit, driven by a growing middle class and an increase in the number of young Indians choosing to study in #Australia. 

However, Australia’s top five most valuable #tourism sources in 2014-15 included many of its traditional markets such as the UK, US, and New Zealand, as economic recovery continued in these economies.


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Tuesday, 24 November 2015

European tourism - growth, but no grounds for complacency


LONG-HAUL travel to #Europe enjoyed an encouraging summer this year, and the upward trend in arrivals is expected to continue, according to a study by ForwardKeys, which monitors future travel patterns by analysing 14 million reservation transactions daily.

Total international long-haul arrivals from January to September were up 5.1% on the previous year, and forward bookings are up 4.8% for the rest of the year.

Sebastien Cron, global sales director at ForwardKeys, said: ‘While it’s widely recognized that Europe is losing its competitiveness, it’s good to see from our data that long-haul travel to Europe has been growing well recently, pushed up by a strong summer season, particularly in July.’

But the European Tourism Association’s CEO Tom Jenkins urged the industry not to be lulled into a false state of security over figures showing growth. ‘Travel and #tourism in other parts of the world is increasing faster than in Europe. Although the statistics show we are continuing to grow at an average annual growth rate of 3.6% since 2007, the rest of world is growing at a rate of 5.7% over the same period.’

Within Europe, the picture is mixed. Germany and the Netherlands have been the stand-out performers since 2007, displaying total tourism growth of 37% and 33% respectively for the period, a 4.6% and 4.2% annual average, whereas the UK and France have grown just 13% and 10% for the period, an average of just 1.7% and 1.4% per annum.

Top European destinations for arrivals, between January and September, were London, Paris, Istanbul, and Rome, though growth in London and Paris was anaemic, with London 0.3% down and Paris just 1.6% up. For the rest of year, Barcelona and Milan, top the list for the fastest growing destinations, are up 20.3% and 25.6% respectively, owing to the Milan Expo and improved connectivity to Barcelona, particularly via Dubai.


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Picture Credit: http://www.flickr.com/photos/130796800@N02/16207624370">Sunrise - Good morning Paris</a> via <a href="http://photopin.com">photopin</a> <a href="https://creativecommons.org/licenses/by/2.0/">(license)